Eric Lonergan on Helicopter Drops and How to Improve Monetary Policy
Macro Musings with David Beckworth
00:00
What Is the Difference Between Fiscal and Monetar?
Economics is entirely unrigorous and has been very poorly thought out, says Pozzy. But there's a big differnce tween a fiscal effect and a fiscal policy, he argues. So central banks would directly send funds to viduals, or households. This kind of cuts to the chase, rightsthiis gost to the source of the problem, houses. And this provides a way of critiquing what's being done now - which indirectly affects asset prices.
Transcript
Play full episode
